EUR/USD AI Live Scan, 4-hour chart, Monday, 2 November 2026
Every read JAFX AI made on the EUR/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:01 UTC
Rebound from lows, stalling under supply · RSI 52 · price 1.1195
Higher lows from 1.1104; lower highs from 1.1260 still cap.
EUR/USD has posted higher lows since the false break of the 1.1104 window low. The rebound reached a 1.1237 week high on Monday as a soft USD heading into the midterms lifted the pair, but the 1.1200–1.1250 supply zone rejected the move, and price is now pulling back toward the 1.1171 swing low, which sits on the 50% fib of the rally. The lower-high trendline from the 1.1260 prior high still sits overhead. ATR(14) near 30 pips is mid-regime, and EMA20 holds above EMA50 after the recent cross.
Support: 1.1171, 1.1136, 1.1104
Resistance: 1.1214, 1.1237, 1.1260
What it said to watch
H4 close above the 1.1214 swing high and 1.1237 week high would break the lower-high trendline and open the path to the 1.1260 prior high
Failure to hold the 1.1171 swing low (50% fib) exposes the 1.1136 higher low; a break there puts the 1.1104 window low back in play
Higher-low trendline from 1.1104 breaking would undo the rebound structure
US midterm results Tue–Wed and Eurozone flash HICP Wed 10:00 UTC could materially shift this read
18:01 UTC
Recovering from window lows, stalling under supply · RSI 55 · price 1.1197
Higher lows since 1.1104 swing low; capped by lower highs.
The late-October slide built a double bottom at 1.1113/1.1104, near 18-month lows, and the 1.1104 swing low held. A higher low at 1.1136 followed, and the rally reached a 1.1237 week high before rejection back to the 1.1190s. EUR has firmed on hawkish ECB talk and falling oil, but the move stalled inside the 1.1200–1.1250 supply area, below a descending line of lower highs from the 1.1260 prior high. Price holds just above the ema20 near 1.1187, which coincides with the 38.2% retracement. ATR(14) near 31 pips is mid-range rather than compressed.
Support: 1.1187, 1.1136, 1.1104
Resistance: 1.1237, 1.1260
What it said to watch
An H4 close above the 1.1237 week high and the lower-highs line opens the 1.1260 prior high
Losing the ema20 / 38.2% zone near 1.1187 exposes the 1.1136 higher low and the 50–61.8% retracement band at 1.1170–1.1155
A break below the 1.1104 swing low invalidates the double bottom and resumes the lower-low sequence
Eurozone flash HICP (Wed 10:00 UTC) and the US midterms (Tue) could materially shift this read
14:01 UTC
Rebound from 1.1104, testing prior range · RSI 60 · price 1.12077
Higher low at 1.1136 and higher high at 1.1237 since the 1.1104 swing low; capped below the old range.
Mid-month the pair broke down from the 1.1190–1.1260 range, but the slide stopped at the 1.1104 swing low. The higher low at 1.1136 and Monday's PMI-led push to 1.1237 have shifted the near-term swing structure higher. That rally met rejection at the prior high, a cluster of first-week swing highs at the base of ING's 1.1200–1.1250 supply zone, and price is now retesting the 1.1200 round number from above. It sits above both EMAs, which are converging near 1.1175, and ATR(14) around 31 pips shows only moderate expansion off the lows.
Support: 1.1200, 1.1136, 1.1104
Resistance: 1.1237, 1.1260
What it said to watch
H4 close above the 1.1237 prior high would open the 1.1260 range top and re-enter the old range
Failure to hold the 1.1200 round number returns focus to the 1.1136 higher low and the 50–61.8% rebound fib zone near 1.1170–1.1155
A break of the 1.1104 swing low would resume the downtrend and void the higher-low sequence
US ISM Manufacturing (15:00 UTC today), Tuesday's US midterms and Wednesday's EZ HICP (f/c 3.9%) could each materially shift this read
Lower highs from 1.1260 intact; first higher low at 1.1136.
The slide from the 1.1260 oct high carved a double bottom at 1.1113/1.1104. The 1.1104 low is the 17-month low. The GDP-beat rebound then stalled at the 1.1214 friday high, just under the 1.1226 lower high and the descending lower-highs line. Friday's pullback after soft German HICP held a higher low at 1.1136. Price now sits just above flattening EMA20 (~1.1167) and EMA50 (~1.1160) near the midpoint of the rebound fib, with ATR(14) contained at ~28 pips.
Support: 1.1136, 1.1104
Resistance: 1.1214, 1.1226, 1.1260
What it said to watch
H4 close above the 1.1214 friday high and 1.1226 lower high breaks the lower-highs sequence
Failure to hold the 1.1136 higher low reopens the 1.1104 17m low
US ISM Manufacturing at 15:00 UTC and Tuesday's midterms could materially shift this read
ECB Vujčić/Nagel tone on a December hike after the 2.8% German HICP
Lower highs below 1.1256; rebound from 1.1104 capped at 1.1214.
EUR broke down from the 1.1185–1.1256 range top/floor box and posted a sweep to a 17m low at 1.1104 after the ECB. A weaker USD on Iran diplomacy drove the rebound, which stalled at a 1.1214 lower high, extending the lower highs sequence. Price is back at the 50% retracement of that rebound near 1.1159, below the EMA20 (~1.1164) and the ema50 (~1.1178), with EMA20 still under EMA50. ATR(14) has expanded to ~31 pips from ~20 during the range, so swings are wider.
Support: 1.1136, 1.1104
Resistance: 1.1178, 1.1214, 1.1256
What it said to watch
H4 close above the 1.1214 lower high breaks the lower highs sequence and brings the 1.1256 range top into view
Failure to hold the 1.1136 swing low (61.8% of the rebound sits near 1.1146) exposes the 1.1104 17m low
Ema50 near 1.1178 has capped the last two bars; a close back above it changes the read
Eurozone Retail Sales and HCOB PMIs, then US ISM Manufacturing (15:00 UTC Monday) could materially shift this read